Wes Budd Join Strategic Risk Associates; Firm Expands in North Carolina

Richmond, VA – Strategic Risk Associates, LLC (“SRA”), a national advisory and consulting firm specializing in banks and financial services, is proud to welcome North Carolina Banker, Wes Budd, as a Managing Director of the Carolinas for SRA. Budd is a long time commercial banker and credit officer with deep experience in credit risk management, underwriting, workout, due diligence and integration.

“As the former Chief Credit Officer of NewBridge Bank, Wes brings a great deal of risk management skill and expertise as well as market knowledge to SRA. At NewBridge he led the turnaround of the bank’s numerous credit problems and then enabled the bank to grow substantially as well as acquire and integrate several banks. This work ultimately led to the profitable sale of the bank. This experience will be of great interest to our community bank clients. We’re excited to have Wes a part of the SRA team and helping us support banks in the Carolinas as well as across the country” says Michael Glotz, Founding Partner at SRA.

With over 30 years experience in credit and commercial banking, Budd has extensive experience underwriting a broad range of commercial loans. As a Senior Executive Vice President and Chief Credit Officer at NewBridge, he was a member of the executive management team and the Bank’s Risk Counsel and Credit Management Committee. He oversaw Credit Administration, Loan Review, Special Assets, Portfolio Analytics and Loan Operations, and enabled the bank to overcome significant credit problems and then accelerate loan growth. In addition, he played a major role in the bank’s $52 million capital raise and participated in the due diligence, acquisition and integration of several banks. Prior to NewBridge, Wes was a Senior Vice President for SunTrust and the Carolina’s Group Commercial and CRE Line of Business Manager. Prior to SunTrust, he held leadership roles at Wachovia and Central Carolina Bank.

About Strategic Risk Associates

Strategic Risk Associates is a national consulting and advisory firm specializing in the banking and financial services industry in the areas of Information Technology Strategy, Risk, and Security; Enterprise Risk Management; Merger and Acquisition Due Diligence; Internal Audit; Bank Integration; Credit Risk Management including Loan Reviews, Stress Tests, Credit Training, and Process Improvements; Regulatory Support for Bank Exams, MOUs, and Enforcement Actions; Management and Board Assessments; Strategic Plans; Capital Plans; and Board of Director Training, Succession Plans, and Staff Augmentation. SRA leaders have direct banking, specialty finance, and regulatory experience.